The asking price of £160,000 seems reasonable given the property’s location and condition. The average price per square foot in the area is £857, and the property has a square footage of 431.92, which would put the expected price closer to £370,000. However, the condition of the property warrants a lower price, making it a potentially good investment for someone willing to renovate.

The property appears to be in need of renovation. The images show signs of wear and tear, including damaged flooring, dated fixtures in the kitchen and bathroom, and general cosmetic updates needed throughout. This is reflected in the asking price.

The property is located in Stoke Newington, which is a desirable area in London, with good access to transportation, schools, and local amenities. Rectory Road Overground station is nearby, offering convenient access to other parts of the city. Several schools are within walking distance, making it an attractive location for families.

The property is a flat, and there is no garden or land included.